There are obvious and simple ways in which substantial amounts can be saved on your car insurance. Here are a few you can implement immediately.

To start with, you will have to raise your deductible. Many people strive to lower the deductible so that when they make a claim, they will pay as little as possible from their pocket. Deductible is the amount paid when you make a claim and before the insurance company pays. When you raise the deductible, you will save on your car insurance premiums every year. Admittedly, in case you have to make a claim, you will pay out a higher amount to your insurance company before your claim is settled. It should however be noted that claims are not made every year and even if you have to make a claim five or six years down the line, after saving money by raising your deductible for a number of years, you will still be miles ahead.

Secondly, if you are driving an older car, you can save a lot on your vehicle insurance by dropping your collision and comprehensive insurance cover. The golden rule here is to start by determining the value of your car.

In most cases, the money paid for deductibles added to the insurance may not be more than the value of the car so avoiding comprehensive coverage altogether and dropping the collision insurance component could make a lot of sense in this case and save you lots of cash.

Buying a low profile car, which is not attractive to thieves, is another way of saving money on your car insurance. Vehicles that are known to be popular with thieves will not only cost you more in car insurance but will also place your family at risk.